Shriram EPC said it would issue three crore cumulative redeemable preference shares of a face value of Rs 100 each in one or more tranches for an aggregate subscription price of Rs 300 crore.
State-controlled lender Bank of India gained nearly 3 percent on Thursday as the bank received Rs 809 crore from the government of India the largest shareholder.
In an interview to CNBC-TV 18, SK Jain, ED, Bank of Baroda told about the raising of Rs1550 crore with regards to preference shares issued to the government. Jain believes that although govt has not indicated any number, but the govt has indicated that they should be ready within a week's time.
Alchemist has allotted 6.4 lakh preference shares to promoter group at Rs 215 per share, reports CNBC-TV18.
KPIT Cummins Infosystems Ltd said it has bought a 50% stake in Systime, a business technology service provider, for Rs 103 crore, to expand its Oracle-based consulting and services business
Gammon Infrastructure Projects Ltd said on Thursday that its board has approved a rights issue of up to 2 billion rupees.
In an interview with CNBC-TV18, Surinder Kanwar, CMD, Bharat Gears spoke about the latest happenings in the company.